DUBAI, Feb 3 (Reuters) - Barclays is cutting nearly150 people from its corporate banking unit in Dubai as part of arestructuring of the business in the Gulf emirate, a sourcefamiliar with the matter said on Wednesday.
The bank will close its office in the Emaar Square area ofthe emirate and move some staff to its branch in DubaiInternational Financial Centre, the source said.
Barclays has been reviewing its business globally after theappointment of Jes Staley as chief executive in December 2015.
A spokesman for the bank said it was aligning its MiddleEast corporate banking business to international locations, suchas the United States, as well as to the bank's regionalinvestment bank and wealth and investment management business.
"We are adopting an operating model that better leveragesour global capabilities and centres of excellence," thespokesman added.
The job cuts were reported earlier on Wednesday byBloomberg.
(Reporting By Tom Arnold; Editing by Keith Weir)